Chapter 9: Making capital market investment decisions (8 questions) 25. a. The stand-alone principle means that: only projects that are completely different from all other projects can be examined. b. projects are examined by the incremental cash flows that they generate. projects must be added to the rest of the firm and examine the whole firm with and without the project. d. the project that puts its flag first on top of the mountain stands alone. C. 26. a. Which of the following should NOT be included in most common cash flow analyses? taxes b. operating cash flows financing costs d. positive or negative side effects on other projects C